demat account question

MehulBhatt · Post by **MehulBhatt** » Tue Mar 01, 2011 1:10 pm

Greetings folks,

I am a U.S. citizen, holding OCI card, and have very recently relocated back to India (yay! still in honeymoon phase). I tried to open a demat account with HSBC as well as SBI, but as soon as I say that I am US citizen, they just say they can't open demat account.

Various web forums etc. suggest that it should be possible to open demat acct. So, my question is - how? Is "NRE demat" account my only option? Can I get online trading option with that? Can I open regular demat account because I hold the OCI card? The bank representatives seem to be totally dumb!!

Thanks a lot in advance. Hopefully, I'll upload my "R2I diary" very soon :).

-Mehul.

chennai_vaasi · Post by **chennai_vaasi** » Tue Mar 01, 2011 3:15 pm

Search the thread before asking a new question..
http://www.r2iclubforums.com/forums/showthread.php/17317-USC-Resident-Indian-Demat-account